Latest Altcoin News and Insights | Yellow.com

A Solana blockchain developer is set to scale Mount Everest. This comes after a recent hospitalization for severe burns. The injury was sustained while promoting his meme cryptocurrency. Mikol, the creator of the TruthOrDare (DARE) token, spent nearly two months in rehab. He suffered third-degree burns on 30% of his body. The incident occurred during a livestreamed stunt gone wrong. Now, he's eyeing his next big move. "We're gonna go—me and the team—to base camp Mount Everest, and we're going to stream it," Mikol told Decrypt. He was speaking on the 'What's the Meta?' podcast. The dev isn't stopping there. He's planning a global tour to meet DARE token supporters. The Everest climb is just one of several "crazy dares" on the agenda. Mikol's project began with a simple idea. He'd livestream silly dares to boost his token's price. Things took a dark turn five days in. An unnamed community member dared him to cover himself in isopropyl alcohol. Fireworks were then shot at him. The result? Mikol went up in flames. His friends struggled to extinguish the fire. He was rushed to the hospital shortly after. Despite this close call, Mikol isn't throwing in the towel. He's doubling down on his vision. The plan now is to build a decentralized app (dapp) for the DARE community. "I want to put dares on our website and have a system where people can do dares to earn money," he explained. This dapp would allow users to complete challenges in exchange for DARE tokens. Mikol sees potential for both safe and risky dares. "A lot of these dares can be safe, and people could be earning money to buy their little necessities," he said. But he's not ruling out more extreme options. "Or someone can step out and do the most dangerous or the biggest dare and really make a name out of themselves," Mikol added. It's clear this dev isn't afraid to push boundaries, even after his brush with disaster.

The TON Application Chain (TAC) is teaming up with Polygon Labs. Their goal? To make the TON ecosystem play nice with the Ethereum Virtual Machine (EVM). It's a big deal. TAC is building a Layer-2 network for TON. This blockchain is known for its ties to Telegram, the messaging app. Why does TON need this Layer-2 integration? It's simple. They want to tap into Ethereum's massive developer community. The new Layer-2 chain will use Polygon's tech. It'll leverage Polygon CDK and Agglayer, an interoperability protocol. This combo will let EVM-compatible decentralized apps (DApps) run on TAC. Pavel Altukhov, TAC's CEO, spilled the beans to CoinDesk. "We're going with Polygon for a few reasons," he said. "EVM compatibility, easy liquidity access, solid support, and their EVM know-how." What's in it for developers? A lot, actually. They can port their Ethereum-based apps to TAC without breaking a sweat. And they'll get access to Telegram's huge user base. Altukhov's pretty stoked about recent developments. He pointed to USDT's integration on TON and the success of Notcoin, a popular Tap-to-Earn game. The numbers are looking good. TON's got 5.8 million monthly active on-chain wallets on Telegram. That's nothing to sneeze at. Here's a kicker: TON recently beat Ethereum in daily active addresses. On June 3, it hit 568,300 DAAs and it's worth noting that Ethereum - second most popular crypto in the world - hasn't seen those numbers since September 2023. The Layer-2 race is heating up. Coinbase launched Base last August. It's built on the OP Stack and has already locked in over $6 billion. Other players like Blast, Optimism, and Arbitrum are in the mix too. With TON joining the fray, things are bound to get interesting. It's a young man's game, and TON's playing to win.

The meme coin market experienced significant turbulence this week. Top tokens saw dramatic price fluctuations. News events and community actions drove these changes as always, but meme coins also took heavy hits from the outside world. Dogecoin (DOGE) stumbled initially. An Elon Musk tweet failed to spark enthusiasm, causing a 5% drop. But rumors of an e-commerce partnership reversed the trend. DOGE closed the week up 3%. Shiba Inu (SHIB) made a strong comeback. A new DeFi integration announcement propelled it up 12%. Enthusiastic community support pushed SHIB to new weekly highs. Pepe (PEPE) was the week's most stable performer. It surged 18% after launching a new NFT collection. This move tapped into investor nostalgia and excitement. Then it went back to its usual positions. A newcomer, dogwifhat (DOGWH), turned heads with a 15% fall, that followed an amazing 20% jump. Viral social media posts fueled its rise. Fresh investors piled in, drawn by the buzz. Bonk (BONK) had a solid week, climbing 4%. A successful community giveaway event drove the increase. It showcased the power of grassroots initiatives in the meme coin space. Floki (FLOKI) went on a wild ride. A Viking-themed marketing campaign initially boosted it 7%. Profit-taking then led to a 5% dip. FLOKI still ended slightly up for the week, as vikings never surrender, you know. Brett (BRETT) saw a 10% uptick, and then rolled down for 3%. New partnerships with emerging crypto platforms enhanced its appeal. The vocal Brett community played a key role in sustaining momentum. Mog Coin (MOG) truly went through the wringer. It dropped 10% on negative sentiment, then rebounded 15% after launching a staking feature. Talk about a rollercoaster! Book of Meme (BOM) steadily gained 4%. Small but positive platform updates drove its performance. BOM's consistency continued to attract new investors. We love stability, of course. And we lack it so desperately. Dog (Runes) faced headwinds, dropping 8%. Market corrections and regulatory concerns were to blame, no doubt. Yet, the community remained upbeat about future developments. To sum up, this week's events highlight the meme coin market's unpredictability that goes far beyond the ordinary altcoins. But that's why we love meme coins, right? They are insanely fun and insanely risky. That's probably not what Satoshi intended for us, but who says we can't have fun while Daddy is away.

Solana (SOL) is currently in bearish territory. Prices are up at spot rates. The downtrend persists. Bulls need to push prices above $155, then $190, to change this outlook. One analyst on X is bullish on SOL. They predict significant gains in coming months. The analyst sees parallels with Ethereum's 2018 performance. SOL might outperform the broader market. The analyst targets at least $2,800 in the next bull cycle. This forecast is based on SOL's recent price action. Ethereum hit $1,400 in 2018. It then crashed below $100. Solana peaked at $240 in 2021. It later plummeted to $8 in November 2022. FTX's collapse worsened the dump. The analyst noted ETH's sharp rally after its crash. It surged over 20X within 660 days. SOL's retracement depth mirrors ETH's 2018 drop. This similarity fuels the bullish prediction. Several factors drive this optimism. Solana's rising prominence is key. Developers are flocking to the network. Low fees and high scalability are the main draws. Meme coins are booming on Solana. BONK and BOME, worth billions, run on the platform. This trend is boosting Solana's profile. At some point Solana might turn out to be the ultimate place for all the leading meme coins to live, and that's going to be a really big deal. Recent ETF developments are another positive sign. VanEck and 21Shares have applied for spot Solana ETFs. These filings are still early-stage. The SEC will review them rigorously. Hopes are high due to recent spot Ethereum ETF developments, though nobody can tell for sure that this is about to happen with a high level of certainty. If approved, a spot Solana ETF could be a game-changer. It would allow institutional exposure to SOL. This institutional interest could push prices higher. The analyst's $2,800 target suddenly doesn't look so crazy. But as always in crypto, only time will tell.

Ethereum Name Service (ENS) and Treasure (MAGIC) have seen explosive network growth. This surge occurred in the past 24 hours. Santiment tweeted about the development. "Altcoins like Ethereum Name Service and Treasure have erupted in network growth over the past 24 hours, surpassing major milestones. Historically, when projects see these spikes while at a flat price performance, there is an increased chance of a breakout." ENS is currently trading at $26.03. MAGIC is at $0.481. Shiba Inu (SHIB) is bucking the trend. The meme token decoupled from other cryptocurrencies over the weekend. Non-exchange whales are scooping up SHIB. Meanwhile, exchange whale holdings are shrinking. Santiment noted this shift. "Shiba Inu had a mini decoupling from other altcoins over the weekend and is up a modest +5% in the past 48 hours. Holders will be pleased with the fact that non-exchange whales continue accumulating, while exchange whale bags are shrinking." SHIB is trading at $0.000016. It's a small fish in a big pond, but it's making waves. Chainlink (LINK) is facing a different scenario. The altcoin saw millions in liquidations recently. Fear, uncertainty, and doubt (FUD) are on the rise for LINK. Santiment believes this could lead to a local bottom. The firm stated, "Chainlink's weak hands have just shown signs of giving up hope and released significant levels of coins. The 60 million in LINK realized losses yesterday is indicative of significant trader FUD, and increases the likelihood of a local bottom." LINK is currently trading at $12.81. It's down slightly in the last 24 hours. The crypto market is a rollercoaster. Some altcoins are gearing up for a potential rise. Others are facing choppy waters. It's anyone's guess what'll happen next.